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MBAs in Energy Sector

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MBAs in Energy Sector [#permalink] New post 31 Oct 2010, 00:27
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I am looking to find out what MBAs in Energy sector do - be it Oil&Gas, or Clean Energy. If there are folks here with that background please chime in. Thanks
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Re: MBAs in Energy Sector [#permalink] New post 02 Nov 2010, 17:30
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Check out Texas--McCombs.
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Re: MBAs in Energy Sector [#permalink] New post 09 Nov 2010, 22:11
I have done my B.E.(Mechanical Engineering) and now I am doing MBA (Energy Management). Is it right to take Finance as my minor subject. What will be the jobs aspects and what will be the job profile for a MBA (Energy Management) graduate.
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Re: MBAs in Energy Sector [#permalink] New post 10 Nov 2010, 09:33
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Working for an energy company would be like working for any other company, in that you could be in marketing, finance, operations, HR, etc...The fact that it sounds like you have some expertise on the technical side, you might be tapped for operations or strategic management. Many of the largest companies have set management programs for their MBAs to come in and do rotations around various divisions to give you broad exposure and also to see what fits best. Hope this helps.
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Re: MBAs in Energy Sector [#permalink] New post 10 Nov 2010, 18:03
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I have a bunch of friends from Kellogg who went into the energy sector. I did an internship w/ a major energy company but as a person who wanted GM I decided that manufacturing companies offered more true GM positions than energy programs.

Saying McComb's is an overly simplistic answer. Any top program will have some energy companies that recruit there. For example Kellogg had big oil and gas like Chevron and Exxon, utilities like PG&E and DTE, classmates also went to work for renewables like solar and wind companies. Also the opportunities are not always the same from different schools, for example I know Exxon has a tier system where top programs (top 10) get paid one thing and have a certain career path where second tiers (which contains McCombs) are paid another (lower) salary and often have a different career path.
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Re: MBAs in Energy Sector [#permalink] New post 14 Nov 2010, 09:52
riverripper wrote:
I have a bunch of friends from Kellogg who went into the energy sector. I did an internship w/ a major energy company but as a person who wanted GM I decided that manufacturing companies offered more true GM positions than energy programs.

Saying McComb's is an overly simplistic answer. Any top program will have some energy companies that recruit there. For example Kellogg had big oil and gas like Chevron and Exxon, utilities like PG&E and DTE, classmates also went to work for renewables like solar and wind companies. Also the opportunities are not always the same from different schools, for example I know Exxon has a tier system where top programs (top 10) get paid one thing and have a certain career path where second tiers (which contains McCombs) are paid another (lower) salary and often have a different career path.


I am a MBA aspirant from India wanting to get admission in McCombs with Energy Finance as specialization.I have got 670 in GMAT ( V-33 , Q-48 , WA - 4.0) I did my Bachelors in Electrical Engineering.I took up Energy Auditing & Management as my Final Year Project with an Energy auditing firm.I have more than 3 years of work experience with India's largest private sector organization.In my organization also I have done considerable projects on Energy Auditing.Currently I am working on a Renewable Energy Source.My job profile is Manager - Maintenance.
Please guide me whether I stand a good chance of getting into McCombs???
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Re: MBAs in Energy Sector [#permalink] New post 14 Nov 2010, 10:10
riverripper wrote:
I have a bunch of friends from Kellogg who went into the energy sector. I did an internship w/ a major energy company but as a person who wanted GM I decided that manufacturing companies offered more true GM positions than energy programs.

Saying McComb's is an overly simplistic answer. Any top program will have some energy companies that recruit there. For example Kellogg had big oil and gas like Chevron and Exxon, utilities like PG&E and DTE, classmates also went to work for renewables like solar and wind companies. Also the opportunities are not always the same from different schools, for example I know Exxon has a tier system where top programs (top 10) get paid one thing and have a certain career path where second tiers (which contains McCombs) are paid another (lower) salary and often have a different career path.


Agree.

Like riverripper said, invariably most energy giants shop at school with decent ranking. But they might not treat the recruits in the same way. Plus, it also depends what sort of previous work experience you are bring to the company. Is it relevant or not. A lot of smaller independents also shop around in McComb, some people get a nice break with them.
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Re: MBAs in Energy Sector [#permalink] New post 28 Jul 2011, 11:52
tonireynolds39 wrote:
I have done my B.E.(Mechanical Engineering) and now I am doing MBA (Energy Management). Is it right to take Finance as my minor subject. What will be the jobs aspects and what will be the job profile for a MBA (Energy Management) graduate.


I work in Corporate Finance for an O&G supermajor so I think I can help you out. Granted I am an undergrad hire currently applying for my MBA but I have significant exposure to all types of O&G finance job because I have hosted MBA/UG candidates on interview day.

Our Finance positions consist of two major roles:

A) Controllers/Financial Analysts (top undergrads and 2nd tier MBAs) Do smaller scale accounting, business analysis, financial reporting, project analysis...you typically have 2-3 year rotational assignments in various aspects of the business since most oil majors are integrated (Downstream, Upstream, Chemicals, etc.) Every 2 years it feels like you are learning everything from scratch...Top performers have ability to become supervisors or move into Corporate Treasury

B) Corporate Treasury (1st tier MBAs..I know we recruit HBS, Wharton, Kellogg, Sloan, Booth, and Mccombs because it has a very strong energy Finance program). These jobs do corporate strategy, multi-billion dollar project financing/economics, joint venture contracts, etc.

Hope this helps.
Re: MBAs in Energy Sector   [#permalink] 28 Jul 2011, 11:52
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